Kirkland & Ellis has snatched a role for a US private equity group muscling in on banking software company Misys’ agreed merger with Swiss rival Temenos.
Vista Equity Partners is reported to have put in a rival £1.2bn offer for Misys – a smaller bid than the company received from another US bidder, banking technology company Fidelity National Information Services, last year.
Kirkland corporate partners Graham White and Gavin Gordon have won the role advising Vista.
The US firm has previously advised the client on deals through New York private equity partner Eunu Chun, San Francisco corporate partner Stuart Casillas, London corporate partner Claire McDaid and London finance partner John Markland.
The Vista deal could be preferable for Misys shareholders to a merger with Temenos, according to reports. Misys’ largest shareholder, Value Act, has given the Temenos deal the nod, but others are reported to be undecided.
The merger of Misys and Temenos, for which the parties agreed key terms earlier this month, has already given mandates to Allen & Overy, Herbert Smith and Swiss firm Homburger (8 February 2012).
Misys general counsel Tom Kilroy was promoted to acting CEO during the merger talks (8 February 2012).